Strategic Sourcing (5 cr)

Evaluation scale

H-5

Content scheduling

After completing the course the student will be able to:
-apply a suitable purchasing strategy in different situations
-decide what documents and payment transactions will be needed when importing goods and services and knows where to find them
-explain the risks and costs of international purchasing
-manage the basics of services sourcing
-discuss the total lifecycle costs related to purchase
-carry out cost analysis
-explain the importance and effect of different terms in purchasing (e.g. Incoterms 2020)
-utilize the sources of information necessary for purchasing
-describe various indicators measuring the performance of purchasing operations
-prepare for purchasing negotiations

Topics:
-Planning and organizing of purchasing
-Global sourcing
-International purchasing - risks and costs
-Documentation, payment transactions and financing in international trade
-Partnership
-Services sourcing
-Total cost approach

36 lecture hours 3.9.-17.12.2024. No lectures on week 42. Please check the lecture schedules from Lukkarikone.

Objective

After completing this study unit the student will be able to:
- apply a suitable purchasing strategy in different situations- decide what documents and payment transactions will be needed when importing goods andservices and knows where to find them- explain the risks and costs of international purchasing.
- manage the basics of services sourcing
-discuss the total lifecycle costs related to a purchase-carry out cost analysis- explain the importance and effect of different terms in purchasing (eg Incoterms 2010)- utilize the sources of information necessary for purchasing- describe various indicators measuring the performance of purchasing operations- prepare for purchasing negotiations

Content

Planning and organising of Purchasing
Global sourcing
International purchasing – risks and costs
Documentation, payment transactions and financing in international trade
Partnership
Services sourcing
Total cost approach
Measurement of purchasing operations

Materials

Teacher's lecture material and assignments.

Course book: Sollish, Fred and John Semanik. Strategic Global Sourcing Best Practices. Wiley, 2010.

Teaching methods

Lectures, class and home assignments, groupwork, exam.

Exam schedules

Course exam:
17.12.2024

Re-take exams:
5.2.2025
3.4.2025
4.6.2025

Student workload

Lectures 36 hours, class and home assignments 24 hours, groupwork 40 hours, exam preparation 35 hours.